Tesla has endured a pattern of falling stock prices at the beginning of the year, followed by recoveries by the year-end.
After dropping below $200, Tesla shares last week moved above that mark again, on news that Q2 sales would be better than Q1. Several years ago, Tesla endured a pattern of falling stock prices at the beginning of the year, followed by recoveries by the year-end. That pattern is reasserting itself. With some of the noise fading around CEO Elon Musk's antics and the war between Tesla longs and shorts cooling off, the company's dominant position in the EV market is becoming more important.
After dropping below $200, Tesla shares last week moved above that mark again, on news that Q2 sales would be better than Q1. Several years ago, Tesla endured a pattern of falling stock prices at the beginning of the year, followed by recoveries by the year-end. That pattern is reasserting itself. With some of the noise fading around CEO Elon Musk's antics and the war between Tesla longs and shorts cooling off, the company's dominant position in the EV market is becoming more important.
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